Examlex
A relationship in which neither partner wants to make decisions is a
Opportunity Cost
In economics, it refers to the benefit lost when choosing one alternative over another.
Mutual Fund
An investment vehicle comprising a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, or other assets.
Explicit Costs
Direct, out-of-pocket expenses incurred in the operation of a business, such as wages, rent, and materials.
Implicit Cost
The opportunity cost equal to what a firm must give up in order to use resources it already owns, without having to pay rent or purchase them.
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